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May 2010

Networked Insights Closes an Oversubscribed Series A Round

Networked Insights recently closed a $5 million Series A Preferred Stock Round led by the Kegonsa Seed Fund. Proceeds will support the scale-up of sales and client support to maximize the company's value for acquisition within 12 to 18 months.

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Stealth Therapeutics Poised to Take First Product to Market

Stealth Therapeutics has successfully completed additional FDA testing of the Invisiport, its first product. As a result, Stealth is poised to begin selling the Invisiport once it receives the FDA's final decision in June.

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Changes in Wisconsin’s ACT 255 Tax Credit Law Loom on the Horizon

In November 2009, Senate Bill 409 (SB 409) was introduced in the Wisconsin State Legislature. This bill includes amendments that change the amount of ACT 255 tax credits available to Wisconsin investors.

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Dodd Reform Bill Threatens Angel Investors, Startups

Three provisions buried in the Senate’s financial reform bill would significantly undermine angel investing and the approximately 50,000 startups that rely on angel investors each year.

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Three Kegonsa Companies Honored

Alice.com, Idle Free Systems, and Semba Biosciences have been chosen as Wisconsin Companies to Watch in 2010. This award recognizes growth stage companies for their entrepreneurial leadership, innovation, and sustainable competitive advantage.

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January 2010

Networked Insights Launches New Software Version

Networked Insights recently released Social Sense 2.0, the latest version of its flagship software product. This product helps advertisers analyze social networking sites so they can conduct more effective marketing.

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Stealth Therapeutics Plans Product Launch This Year

Since Peter Drumm joined Stealth Therapeutics, Inc. as CEO in March 2008, he has ushered the company's products through the FDA approval process; the company expects FDA approval for the Invisiport, its first product, by second quarter 2010. Following approval, Drumm will set his marketing plan in place and launch the sales campaign. Stealth is already building product inventory.

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Job Growth, VC Investing at Key Crossroads

According to a recent study of Census Bureau data by the Kauffmann Foundation, 2/3 of the 12 million new jobs created in 2007 were created by companies less than five years old. This supports the premise that new, smaller companies are better at creating jobs than older, larger companies. And a key catalyst of new company formation and growth is venture investing by venture capital firms and angel investors.

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Wisconsin Hosts Two Venture Conferences in Late 2009

In November, almost 500 people attended the Early Stage Symposium in downtown Madison. For more than 20 years, the Symposium and its predecessors have helped link entrepreneurs and investors.

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